RICHMOND, Texas – Fort Bend County Decide KP George held a news convention Wednesday on the progress of the county’s Modest Company Grant Software.
The software was designed to stabilize existing smaller corporations in Fort Bend County that have had major business enterprise disruption because of to the effect of COVID-19.
George was joined by county company leaders, economic development officers, and chambers of commerce, including enterprise house owners who have received assistance from the grant method.
In accordance to a information launch, George, together with Fort Bend County Commissioners, allotted $25 million in federal money presented by way of the CARES Act and improved those people cash two times throughout the fiscal yr of 2020.
On April 27, by means of an allocation of funds from the American Rescue Approach Act, the court docket permitted an additional $46.4 million, bringing the fund to $71.4 million to assist the county’s smaller enterprise group.
Throughout the news convention, George emphasized the want and relevance of supporting local compact organizations, and to “help them with the funding wanted to deliver their personnel back again to function and get their organizations again into full procedure.”
“Our compact firms have faced unparalleled difficulties this previous year, and we have stepped up to present them the assist they have to have when jumpstarting Fort Bend County’s economic recovery,” George reported. “Their good results is our county’s results. I was speaking to a restaurant operator who said the only reason why he is in small business now is since of the assistance he been given from the county.”
In addition to the unexpected emergency grant application, the county launched a different software to enable compact organizations — notably minority and disadvantaged enterprises that did not receive PPP loans — by partnering with Carter Brothers Consulting to enable convert points all over.
George explained he would continue on to do the job and supply “pathways of support” for companies in will need.
Purposes are presently staying approved for the Modest Company Grant Plan at FortBendCountyTX.gov.
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